European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
WUZHEN, China — The head of Sequoia Capital's China affiliate said Thursday there are still big opportunities for growth in the country's digital economy, contrary to many concerns about a slowdown.
"As an investment firm enthusiastically participating in China's information industry, we still think the Chinese Internet sector has good prospects," Neil Shen, founding and managing partner of Sequoia Capital China, said at a press event at the World Internet Conference, according to a CNBC translation. "Every year, our investment size and pace has been increasing."
Shen also said he believes the consumer-oriented internet still has a very big opportunity for future development, and that the industrial-oriented internet will develop quickly, especially with the support of artificial intelligence.
Sequoia is an investor in China's largest technology companies, including e-commerce giant Alibaba, ride-hailing company Didi and Meituan Dianping, which went public in Hong Kong this year. Shen is also a co-founder of Chinese tourism booking site Ctrip.com.
Many worry China's burgeoning technology industry will be hit by a national economic slowdown. Some recent data reports have been soft, adding to concerns that increasing trade tensions with the U.S. will cause growth to slow even further. Beijing, for its part, has announced a slew of policy measures in the last few months to support the economy.
Shen, however, pushed back Thursday against concerns about trade tensions and a cold spell for the Chinese tech sector.
"My sense is the digital economy is something unique to China," he said. "I don't think it will be affected that much by a U.S.-China trade war."